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Serviced Interest Bridging Loans

Making monthly interest payments
is referred to as a serviced bridging loan. The interest payments are calculated form the gross loan amount which includes the lender's facility fee, which is usually 2%.

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Information

Interest options:

There are broadly two methods of paying the interest on a bridging loan, defined as follows:

Make NO monthly payments with a retained interest bridging loan.
The interest is added to the loan and paid at the end of the term when the loan is paid back. In most cases there are no early repayment penalities. If you redeem early any remaining interest is refunded.

Making monthly interest payments is referred to as a serviced bridging loan.
The interest payments are calculated form the gross loan amount which includes the lender's facility fee, which is usually 2%.

Loan to value (LTV):

The LTV is calculated from your loan requirement plus any current outstanding borrowings as a percentage of the total security value. Typically overall loan to value should not exceed 75%, however this can be increased with additional security.

Interest rates:

Rates start from 0.48% pm and are dependant on a number of factors such as the loan to value. For instance lower LTV's will attract lower interest rates. Other factors effecting the interest rates can also include the property location, and property type (residential, commercial, semi-commercial, land, etc.).

Fees:

There are no up-front fees to pay. Once a bridging loan has been approved for you and you have accepted the terms offered, you will be required to pay a valuation fee in order to proceed with the loan. Legal fees will follow, and administration fees are usually added to the loan amount.

Notes

Please note that this does not constitute a quotation. The results produced by this bridging loan calculator are intended only to provide a guide to the costs associated with this type of short-term lending.

The interest can be paid monthly (on a serviced basis), or can be retained with no monthly instalments required during the loan term. The interest rates will vary depending on the loan to value (LTV) percentage. The mamximum LTV is gernerally 75%, but can be increased if additional security is provided.

Each bridging loan application is dealt with on a case by case basis. To provide an accurate bridging loan quotation EquityOne Finance Ltd will require the applicant to provide all the necessary detail to ensure qualifying criteria, and to be able to provide a detailed terms of all costs, fees, and interest rates payable by the borrower. Please note that fees such as valuation, admin, and legal fees can differ between alternative lending sources.

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Maximum loan size

£25m

Minumum loan size £30,000

Loan-to-value up to

80%

100% with additional security

BEST RATES from

0.39%

Current at
September 2019

Fast competitive & professional lending solutions you can trust ...

As a Premier Broker we are able to ensure our clients get the most competitive interest rates for their bridging finance available in the market today. Our experience and understanding of bridging finance means that we are also able to ensure the finance we arrange best suits the client’s needs and preferences, and importantly is delivered within the required timeframe.

Proud members of the National Association of Commercial Finance Brokers

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

EquityOne Finance Ltd is authorised and regulated by the Financial Conduct Authority
FCA Permission Number 733649

EquityOne Finance Ltd is fully authorised to provide advice on FCA regulated mortgage contracts. EquityOne Finance Ltd acts as a Credit Broker with access to whole of market and does not act as a Lender.

EquityOne Finance Ltd is registered on the Data Protection Register with the Information Commissioner’s Office registration number ZA048393